2016 Marine P&I Pre-Renewal Review

It seems like only yesterday that I was writing last year’s executive summary, but a lot has happened in a short time.

The fi rst half of 2016 was dominated by the twin BR’s of BRexit (Britain’s referendum to leave the EU) and BRUK (the putative merger of the Britannia and UK Clubs), to such an extent that the 20th February
2016 Club results almost passed by unnoticed. It was, admittedly, on the face of it, a little uninspired – another $200 million or so again being added to Free Reserve, and a continued benign claims environment: but the devil, as we shall see, is in the detail.

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Photo By Thangaraj Kumaravel via StockPholio.com